Analysis
Economic Analysis by Aghasi Tavadyan
Weekly analysis of Armenia's economy and the region
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2026
2025
2024
2023
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15 May 2026
Research
Exported Growth, Shrinking Fields: Armenia's Agricultural Paradox, 2018–2024
Agriculture
GDP
Exports
Trade Balance
Economy
13 May 2026
Media
Macroeconomic Risks of Armenia-Turkey Trade and Deepening EAEU Dependence
Trade
Economy
EAEU
Agriculture
Exports
11 May 2026
Media
The Engine of Armenia's Economic Growth
Exports
EAEU
Capital Flows
Iran
Exchange Rate
8 May 2026
Research
The European Vector and the EAEU Reality: Armenia's Exports Under the Current Government
Exports
Trade
Russia
EAEU
Economy
Trade Balance
1 May 2026
Research
Armenia’s Exports Quadrupled—Until Russia Closed a Sanctions Loophole
Exports
Trade
Russia
Trade Hub
Economy
30 Apr 2026
Media
Wage Distribution in Armenia: Economic Inequality and Regional Concentration
Income Inequality
Wages
Labor Market
Banking
24 Apr 2026
Research
111 Years: How the World Remembers the Armenian genocide
Armenian Genocide
History
Diaspora
Recognition
23 Apr 2026
Media
Electricity Demand and Infrastructure Vulnerability
Energy
Electricity
Economy
Industry
Capital Flows
17 Apr 2026
Research
The Iranian Wave: The Hidden Capital Behind Armenia's 7.2% GDP
GDP
Economy
Capital Flows
Finance
14 Apr 2026
Media
Diversification or Economic Shock
EAEU
Economy
Trade
Labor Market
Agriculture
9 Apr 2026
Media
Economic Consequences of an EAEU Exit
EAEU
Economy
Trade
Inflation
Agriculture
7 Apr 2026
Media
Iran Crisis and New Transit Opportunities
Capital Flows
Exchange Rate
Economy
Middle East
Iran
Banking
4 Apr 2026
Media
Iran Crisis and Capital Flows
Capital Flows
Exchange Rate
Inflation
Middle East
Iran
Economy
29 Mar 2026
Media
Protected Business and Economic Structure
Business
Economy
Capital Flows
Industry
27 Mar 2026
Announcement
Beyond the Average — Armenia's True Wage Distribution
Wages
Labor Market
Income Inequality
Armstat
24 Mar 2026
Research
Dollar Near a 22-Year Low: Armenia's Hidden Currency Risk
AMD
Exchange Rate
CBA
Capital Flows
Currency Risk
19 Mar 2026
Media
Media Appearances — Banking Blacklists and the Middle East Economic Shock
Banking
Real Estate
Middle East
Armenia
Oil Price
18 Mar 2026
Research
The Ruble Anomaly: High Oil Prices and the Weakening Exchange Rate
Russian Ruble
Exchange Rate
Oil Price
Armenia
25 Mar 2025
Research
The Public Debt Pendulum: Why is Armenia Borrowing to Pay Off Debt?
Public Debt
Government
Finance
11 Mar 2025
Research
Behind the Glamorous Numbers: The Shadow of Armenia's Economic Growth
GDP
Economic Growth
Components
25 Feb 2025
Media
What is happening in the real estate market?
25 Feb 2025
Research
Golden Illusion: The Real Picture of Armenia's Exports
Exports
Trade
Annual
18 Feb 2025
Research
Russian Money is Going Back: What Awaits Armenia's Economy?
Transfers
Remittances
Russia
Armenia
4 Feb 2025
Media
Why life is getting more expensive in Armenia: the mystery of gold and diamonds
4 Feb 2025
Research
The Precious Effect: The Illusion of Economic Growth in 2024
Economic Activity Index
EAI
Growth
20 Jan 2025
Research
Transport Fare Increase: Yerevan's Public Transport Reforms and the Limits of Affordability
Transport
Prices
Inflation
14 Jan 2025
Media
The government's announcement about the European Union: risks and possible consequences
14 Jan 2025
Research
Household Incomes Grew in 2023
Household Income
Poverty
Inflation
30 Dec 2024
Research
Merry Christmas and Happy New Year
R
Visualization
Generative Art
Data Science
Programming
30 Dec 2024
Media
2024 Economic Summary
23 Dec 2024
Research
Armenia: Caucasian Tiger or Expensive Dream?
GDP
Economic Growth
Components
17 Dec 2024
Research
Support Program for Unreliable Borrowers: A Populist Move or an Economic Necessity?
Central Bank
Loans
Interest Rate
17 Dec 2024
Media
Pre-election bribe? Why Pashinyan helps unreliable borrowers
9 Dec 2024
Research
The Drama of the Dram and the Bomb of the Ruble
Exchange Rate
Armenian Dram
FX Market
1 Dec 2024
Research
Is the Price of Gasoline Gathering Momentum?
Gasoline
Prices
Fuel
Energy
19 Nov 2024
Research
Dangerous Numbers: The Dark Side of Armenia's Economic 'Miracle'
State Budget
Performance
Spending
4 Nov 2024
Research
Demographic Crisis: 2 Million Armenians in Armenia by 2100
Population
Demographics
Armenia
28 Oct 2024
Research
BRICS, 22,000 Sanctions and Blockchain
BRICS
Global Economy
International
21 Oct 2024
Media
We have a great dependence on the EAEU: our products are not competitive
21 Oct 2024
Research
Beyond the Average Wage
Wages
Labor Market
Income
14 Oct 2024
Research
Velvet Commotion and Organizational Change
Organizations
Business
Statistics
14 Oct 2024
Media
Our economic growth is not sustainable: we must have an industry that forms the basis of economic independence
7 Oct 2024
Media
Armenia's economy is growing at the expense of gold re-exports: where does it come from and where does it go
7 Oct 2024
Research
Almost 80 Percent of Private Jobs Are in Yerevan
Wages
Labor Market
Income
30 Sep 2024
Research
Hidden Decline: What Does Armenia's Economy Live On?
GDP
Economic Growth
23 Sep 2024
Media
We are in a trap: the depreciation of the dram will increase the state debt
23 Sep 2024
Research
Data Horizon
Analysis
Update
16 Sep 2024
Media
The sad consequences of gold and diamonds: what condition is Armenia's economy in
16 Sep 2024
Research
From Capital Inflow to Outflow: The Inner Kitchen of Armenia's Economic Miracle
Transfers
Remittances
Russia
Armenia
9 Sep 2024
Media
We are in a trap: the depreciation of the dram will increase the state debt
9 Sep 2024
Research
Electric Armenia: From Grid Vulnerability to Solar Prospects
Electricity
Energy Production
Armenia
Energy
2 Sep 2024
Media
The decline of the real economy and exports
2 Sep 2024
Research
Golden Illusion: The Real Picture of Armenia's Exports
Exports
Trade
Semiannual
26 Aug 2024
Research
Armenia: Caucasian Tiger or Expensive Dream?
GDP
Economic Growth
Components
19 Aug 2024
Media
When there is an economic downturn, one should think about reducing taxes: the government is doing the opposite
19 Aug 2024
Research
🆘🇦🇲🧑🏼💻 SOS Armenian IT: Ups and Downs in the Sector
IT Sector
Jobs
Employment
IT
12 Aug 2024
Media
The export of our traditional goods is declining
12 Aug 2024
Research
Empty Pockets, High Salaries
Numbeo
Cost of Living
Prices
Real Estate
2 Aug 2024
Media
Russia sent 88 percent of its gold to Armenia, which raises questions
2 Aug 2024
Research
Armenia Taxes Time: A Game with Economic Growth
Taxes
State Budget
Revenue
26 Jul 2024
Research
Expanding Our Services and Team - Join Us in Shaping Armenia’s Data Future
Cooperation
Trade
Armenia
International
5 Jul 2024
Research
Armenia: A Haven for Russian Gold
Gold
Trade Hub
Exports
28 Jun 2024
Research
The Pendulum of Public Debt: For the First Time, Domestic Debt Exceeds External Debt
Public Debt
Government
Finance
28 Jun 2024
Media
It's speculation: why should such a large amount of gold pass specifically through Armenia?
17 Jun 2024
Research
Beyond the Border: Armenia's Tourism Growth and Potential Decline
Tourism
Visitors
Economy
7 Jun 2024
Research
Under the Loan: Lending Trends by Sector
Central Bank
Loans
Interest Rate
7 Jun 2024
Media
75% of exports are precious and semi-precious stones: we are talking about billions
17 May 2024
Media
The mystery of gold: gold exports increased 9 times
17 May 2024
Research
Electric Armenia: Reduction in Electricity Production and Export
Electricity
Energy Production
Armenia
Energy
11 May 2024
Research
Gold Fever Continued: 75% of Armenia's Exports are Gold and Diamonds
Gold
Re-exports
Trade
3 May 2024
Research
Mobile Centre is Armenia's Largest Taxpayer
Taxes
Retail
Mobile Centre
3 May 2024
Media
Capital outflow increased by 55 percent, exports to the EAEU by 10 times
26 Apr 2024
Media
The gold rush in Armenia is gaining momentum
26 Apr 2024
Research
Armenia's Hospitality is Cooling: A Study of Services Exports
Services
Exports
IT Sector
19 Apr 2024
Research
2 Million Armenians in Armenia by 2100
Forecasting
Population
Armenia
Data Science
Demographics
12 Apr 2024
Research
Gold Fever: Half of Armenia's Exports are Re-exports
Re-exports
Russia
Trade
5 Apr 2024
Research
The Dram's Drama: Why the Dram Depreciates and Appreciates
Exchange Rate
Armenian Dram
FX Market
29 Mar 2024
Research
Precious Effect: Reasons for the 2024 Economic Growth
Economic Activity Index
Growth
Armenia
29 Mar 2024
Media
Economic challenges of 2024: 10,000 views
22 Mar 2024
Research
Is the Price of Gasoline Gaining Momentum?
Gasoline
Prices
Fuel
Energy
15 Mar 2024
Media
Talking about the economic challenges of 2024.
15 Mar 2024
Research
10 Years of Agriculture Collapse
GDP Structure
Agriculture
Industry
9 Mar 2024
Research
The Main Reasons for Armenia's 8.7% Economic Growth in 2023
GDP
Economic Growth
Components
1 Mar 2024
Research
Capital Outflow
Transfers
Remittances
Russia
Armenia
23 Feb 2024
Research
13.5% Growth in Real Estate Prices, 40.9% Decline in Transactions*
Housing Market
Prices
Crash
Real Estate
16 Feb 2024
Research
📈📉❓ 55.3 Percent Export Growth or -12.2 Percent Decline?
Exports
Trade
Armenia
9 Feb 2024
Research
💹💳 76 Percent of Private Jobs are in Yerevan
Wages
Labor Market
Income
2 Feb 2024
Research
🍇🚀 Wildberries Grew 35 Times in 1 Year
Taxes
E-commerce
Wildberries
26 Jan 2024
Research
Strong Family: Wealthy Family
Household Structure
Demographics
19 Jan 2024
Research
The Death of Armenia's 'Auto Industry'
Vehicles
Re-exports
Trade
12 Jan 2024
Research
Yerevan is More Expensive than Moscow
Cost of Living
Rent
Yerevan
Real Estate
12 Jan 2024
Media
I summarized this and last week's research
7 Jan 2024
Media
We summarized the year and discussed what awaits us in 2024.
7 Jan 2024
Research
Households Grew Poorer in 2022
Household Income
Poverty
Inflation
25 Dec 2023
Research
Merry Christmas and Happy New Year
R
Visualization
Generative Art
Data Science
Programming
25 Dec 2023
Media
2023 Economic Summary
18 Dec 2023
Research
The Transition from Agriculture to Industry
GDP Structure
Agriculture
Industry
18 Dec 2023
Media
I gave an interview to Panorama.am
11 Dec 2023
Research
Solar Power Plants to Account for 11% of 2023 Production
Electricity
Solar Energy
Forecasting
Energy
11 Dec 2023
Media
I gave an interview to 1in.am
4 Dec 2023
Media
Discussing to which countries Armenian agricultural products can be exported, besides Russia
4 Dec 2023
Research
Description of the Capabilities of Armenia's Online Export Dashboard
Dashboard
Data Visualization
Exports
Data Science
Tools
27 Nov 2023
Media
The price of petrol could become 400 AMD
27 Nov 2023
Research
Gasoline Price to Drop to 400
Forecasting
Machine Learning
Gasoline
Data Science
21 Nov 2023
Media
What impact does Russia have on Armenia's economy: the formation of the petrol market
20 Nov 2023
Research
Reasons for Gasoline Price Increase
Gasoline
Prices
Fuel
Energy
13 Nov 2023
Research
Analysis of RA Trade Turnover
Exports
Trade
EAEU
6 Nov 2023
Research
Analysis of the 2024 State Budget
State Budget
Government Spending
30 Oct 2023
Research
Dollarization and Monetization Levels in Armenia
Dollarization
Monetization
Armenia
23 Oct 2023
Research
Russia's Federal Budget Execution
Budget
Trade Balance
Oil
Russia
23 Oct 2023
Media
Forecast of the Russian Ruble and Economic Risks in Armenia
16 Oct 2023
Research
The Russian Ruble is Set to Strengthen. Possible Capital Inflow from Russia to Armenia
Transfers
Remittances
Russia
Armenia
9 Oct 2023
Research
The Dram's Drama
Exchange Rate
Armenian Dram
FX
2 Oct 2023
Research
Russia's Key Interest Rate Hike
Inflation
Ruble
Interest Rate
Russia
25 Sep 2023
Research
English Summary
Web Scraping
Sentiment Analysis
Armenia
Data Science
Media
18 Sep 2023
Research
Yerevan Elections: Possible Fraud and Disproportionalities
Elections
Yerevan
Statistics
Politics
Data Analysis
11 Sep 2023
Research
Discussion: Russia's Economy is More Dependent on Armenia
Re-exports
Russia
Trade
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